The Zeller Corporation's stockholders' equity accounts have the following balances as of December $31,2016$:

Common stock, $$10$ par $(30,000$ shares issued and outstanding$)$ $ $300,000$

Additional paid$-$in capital $2,000,000$

Retained earnings $5,700,000$

Total stockholders' equity $$8,000,000$

On January $2,2017,$ the board of directors of Zeller declared a $30\%$ stock dividend to be distributed on

January $31,2017.$ The market price per share of Zeller's common stock was $$30$ on January $2$ and $$32$ on

January $31.$ Prepare journal entry$($s$)$ required for this event.